GBPUSD – buy in a bear market

01.12.2021

The GBPUSD pair entered a slight turbulence, apparently caused by the dollar’s attempts to resolve all issues at once. This resulted in the renewal of the lower extremum, after which there was a rollback to the previous positions.

So, an uncertain situation has formed, in which, on the one hand, the completion of the continuation of the scenario correction in the form of a double zigzag can be regarded, and on the other hand, a false shadow that appeared after yesterday’s jumps, which means the pair will try to push the price again.

In this regard, the most likely entry point is the level 1.3370, breaking of which will serve as a Buy signal.

Idea: Purchases from 1.3370, SL 1.3350, TP 1.3500.